In a recent tweet, a top crypto influencer on Twitter, Bluntz Capital, issued a cautionary statement regarding the popular Solana meme coin DogWifHat ($WIF), stating that he believes the token could plummet to as low as one dollar from its current price of $3.17. Bluntz noted that the price action on this bounce over the last three weeks has been slow, overlapping, and corrective looking, leading him to believe that a potential crash to a dollar could be imminent for WIF. Despite Bluntz’s prediction, WIF has shown gains of 12% in the last 24 hours and 15% in the last week, performing in line with the broader market where most leading projects are up.
The second largest gainer among the top meme coins by market capitalization is Pepe Coin, which saw a rise of 6.8% to trade at $0.05862 and a 13% increase in the last seven days. Both Pepe Coin and DogWifHat outperformed market leaders Bitcoin and Ethereum, with Bitcoin growing 3.5% to trade at $63,176 and Ethereum adding 2.2% to reach $3,037. Despite its recent performance, DogWifHat has declined by 34.2% since setting a new all-time high of $4.83 on March 31. The token currently has a Relative Strength Index (RSI) of 57, indicating buying momentum that may support further price increases in the near future.
As DogWifHat faces potential volatility and a predicted decline by Bluntz Capital, another meme coin called WienerAI is gaining attention in the crypto space. WienerAI ($WAI) is a new meme token and AI companion that recently raised $1.4 million in its presale. Marketed as a “Revolutionary AI Trading partner,” WienerAI offers users AI-enhanced trading advice, seamless swap functionality, and zero fees. Around 20% of the WAI supply is allocated for staking, with the current staking yield at 660% APY. The project has undergone a security audit by Coinsult, a blockchain security platform, to ensure the safety and integrity of its smart contract.
The emergence of WienerAI and other similar meme coins with unique utility offerings showcases a new generation of meme tokens that combine entertainment value with practical functionality in the crypto space. These tokens not only provide opportunities for potentially eye-watering rallies but also highlight the volatile nature of the crypto market. While Bluntz’s prediction of a potential crash for DogWifHat may have implications for holders in the mid-term, the overall landscape of meme coins continues to evolve with new projects entering the market with innovative features and offerings. Investors should approach these assets with caution due to their high-risk nature and seek professional advice before investing in cryptocurrencies.
